Bitcoin’s Corporate Backers Grow: Top 70 Companies Now Hoard 670K+ BTC
The trend of institutional investors embracing Bitcoin continues to gain momentum, with the “HODL Top 70” list of companies now collectively holding a staggering 670,153 BTC.
This increasing accumulation of Bitcoin by corporate entities reflects a growing confidence in the cryptocurrency’s long-term value proposition. In the past week alone, five companies further expanded their digital asset portfolios, adding a total of 7,349 BTC to their already substantial reserves.
Which Companies Are Leading the Charge in Bitcoin Accumulation?
When it comes to individual corporate Bitcoin holdings, Strategy (MSTR) remains the undisputed leader , currently possessing an impressive 506,137 BTC. The company’s well-known and aggressive Bitcoin accumulation strategy keeps it significantly ahead of all other publicly traded firms in this space.
Following Strategy is Marathon Digital (MARA) with a substantial 46,374 BTC, maintaining its position as a key player in the Bitcoin mining industry. Riot Platforms (RIOT) holds 18,692 BTC, further demonstrating its strong commitment to Bitcoin as a core asset in its treasury.
Related: Strategy (Formerly MicroStrategy) Launches $2.1 Billion Share Sale to Fund Further Bitcoin Acquisitions
Tesla (TSLA) continues to hold a significant amount of Bitcoin, retaining 11,509 BTC, which reflects its sustained investment in the cryptocurrency despite the market’s inherent volatility.
Cleanspark (CLSK) has accumulated 11,177 BTC, further solidifying its position within the Bitcoin mining sector. Hut 8 (HUT) closely follows with 10,237 BTC, remaining one of the industry’s leading Bitcoin mining companies.
Coinbase (COIN), a major cryptocurrency exchange, holds 9,480 BTC, ensuring it has significant exposure to Bitcoin’s price fluctuations.
Block (formerly known as Square) owns a notable 8,485 BTC, underscoring its long-term belief in Bitcoin’s potential as a transformative technology and asset. Galaxy Digital (GLXY), a prominent investment firm focused on digital assets, holds 4,848 BTC, showcasing its commitment to Bitcoin as a key component of the evolving financial landscape.
Bitcoin Group SE (BTGGF), a European institutional investor, has accumulated 3,605 BTC, further strengthening its presence in the Bitcoin market.
Metaplanet recently increased its holdings, now reaching a total of 3,350 BTC. This strategic move aligns with the company’s publicly stated bullish outlook on Bitcoin’s future.
Semler Scientific (SMLR) holds 3,192 BTC, maintaining a significant corporate stake in the cryptocurrency. Hive Digital (HIVE) possesses 2,620 BTC, supporting its operations in the digital asset mining space.
Cango (CANG) has also increased its exposure to Bitcoin, now holding 1,944 BTC. Exodus (EXOD) follows with 1,900 BTC, using Bitcoin as part of its reserves to support its digital wallet services.
BitFuFu (FUFU) owns 1,800 BTC, reflecting the broader trend of increasing institutional adoption of Bitcoin. Nexon (NEXOF) holds 1,717 BTC, demonstrating continued corporate confidence in Bitcoin’s long-term value as an asset.
Related: Bitcoin Bet Pays Off: Strategy₿ (MSTR) Outperforms Top Stocks
Fold (FLD) has accumulated 1,485 BTC, highlighting its ongoing commitment to the cryptocurrency ecosystem. Canaan (CAN), a major manufacturer of Bitcoin mining hardware, holds 1,355 BTC, maintaining its presence within the Bitcoin industry.
This sustained and growing institutional adoption signals a strong and enduring corporate belief in Bitcoin’s potential as a valuable long-term investment asset.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
MicroStrategy to Raise $711M for Bitcoin—Bullish Signal for BTC?
Strategy, previously named MicroStrategy , is scaling up its Bitcoin mission . Through a combination of confidence and capital, the firm has registered an offering of 8.5 million shares of its 10% Series A Perpetual Strife Preferred Stock at $85 per share. The scheme is anticipated to generate an enormous $711.2 million, funds heading straight into Bitcoin and boosting its day-to-day finances.
Strategy announces pricing of its Strife Perpetual Preferred Stock ($STRF) Offering and upsizes the deal from $500M to $722.5M $MSTR https://t.co/GJVCRwIQ0Y
— Michael Saylor⚡️ (@saylor) March 21, 2025
The offering that will be closing on Tuesday, March 25, 2025, guarantees investors a 10% annual dividend return. Strategy’s decision to raise almost $211 million more than planned reflects strong investor demand and, perhaps, a growing conviction in the long-term value of Bitcoin. Initially, the company targeted to sell $500 million with only 5 million shares of the same stock.
Strategy purchased a whole batch of 130 BTC this week for $10.7 million, which means they spent $82,982 on each BTC on average. The most recent transaction raised the value of the company’s Bitcoins to 499,226, which is around 2.37% of all the Bitcoins that are currently in circulation.
Founder and chairman Michael Saylor hasn’t been shy about his endgame. “Bitcoin is our strategy,” he has made clear through both word and wallet. By using this, a novel model has arisen within Strategy in which not only crypto is being held, but its use has led to the establishment of a fully functional business model.
Some companies might take a small step, but Strategy goes the whole hog. After the sale of 123,000 shares of 8.00% Series A Perpetual Strike Preferred Stock, the company rose to the sum of $10.7 million. The exact amount was used to buy 130 Bitcoins. Furthermore, in a world where treasuries typically mean cash or bonds, this kind of discipline is unique.
As a matter of fact, Strategy actually has not sold any A Class common stock in the recent past to imply its determination based on the progressive financial task and only through the current and future Bitcoin-centric strategy. This is not only a crypto investment , it is a financial philosophy in action.
Strategy is one such example. Reports show that 170 institutions, including governments and fund managers, are now holding around 3.1 million Bitcoins in their treasuries. The message is loud—Bitcoin is no longer fringe. It is now an integral part of the financial mainstream that defends against inflation and currency instability.
To expand its capital firepower, Strategy has greenlit plans to issue up to $21 billion worth of its 8.00% Series A Perpetual Strike Preferred Stock using an at-the-market offering program. This may seem excessive, but in the volatile world of crypto, liquidity is king, and boldness gets rewarded—or punished—with equal speed.
On the dividend front, the company also declared a quarterly payout of $1.24 per share on its existing 8.00% Series A Perpetual Strike Preferred Stock. Starting in 2025, these payments will land every quarter, sweetening the deal for investors willing to ride out the volatility.
Strategy Prices $722.5M Preferred Stock Offering for Bitcoin Acquisitions
Strategy’s (Nasdaq: MSTR/STRK) cumulative dividends will accrue at 10% annually on a $100 stated value per share, payable quarterly starting June 30, 2025. Unpaid dividends trigger compounded rates starting at 11% annually, increasing by 1% each quarter up to 18%. Dividends are declared at the board’s discretion and paid in cash.
Strategy said it may redeem all shares if outstanding stock falls below 25% of the original issuance or due to tax events. The redemption price includes the liquidation preference—initially $100 per share—adjusted daily based on the highest of the stated amount, recent sale prices, or a 10-day trailing average.
Holders can demand repurchases at par plus unpaid dividends if a “fundamental change” occurs. Morgan Stanley, Barclays, Citigroup, and five other firms are joint book-runners. The SEC-registered offering follows a prospectus filed Feb. 18, 2025.
Proceeds will fund general corporate needs, including bitcoin purchases and working capital. Strategy, formerly Microstrategy, holds bitcoin as its primary treasury reserve asset. The company holds 499,226 BTC after a $10.7 million purchase that took place in mid-March. While BTC has been down in value, Strategy’s cache of BTC is still up by 27%.
With the fresh new capital, Strategy’s stash of bitcoin is likely to climb over the 500,000 BTC range in the near future.
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